Praxeology studies the form and the structure of human action. Human action occurs in the worldly condition of radical uncertainty. The urge to act is irrepressible, yet because of the uncertainty the consequences of the action are not known. This is part of the human condition – we act purposefully in an uncertain world.
Homo agens – us – we are endowed with the propensity for alertness toward fresh goals and the discovery of as yet unknown resources. This is the perfect complement to the matrix of our world, a world composed of uncertainty and imperfect knowledge. From this matrix, through the channel of alert human action, comes entrepreneurship.